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tv   Steve Bannon Address to Minority Entrepreneurs  CSPAN  December 6, 2017 2:10pm-3:04pm EST

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americans against entangling foreign alliances. they had warned americans against sectionalism and excessi excessive partisanship at home. jackson warned them against control of their own government by in his words the rich and powerful. >> american history tv all weekend every weekend only on cspan3. former white house chief strategist steve bannon spoke yesterday to a group called black americans for a better future. he talked about president trump's economic agenda and how he thinks it would help african-americans. so i'm going to introduce to you guys your speaker, but my friend. as some of you have heard me ask this in the past, but there are a lot of new folks here, how many of you consider yourselves
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reasonable people? most of you all. you all are the wrong people. [ laughter ] >> how many of you are familiar with george bernard shaw, the pl british playwright? i had breakfast with him this morning and he's what he told me to tell you. for every man there comes a time in his life when he is figure tiffly tapped on the shoulder and offered the chance to do great and mighty work unique to him. no, that's churchhill. the reasonable man adapts himself to the world. the unreasonable man adapts the world to himself. therefore, all progress is dependent upon the unreasonable man. michael jordan was unreasonable enough to think that he could play in the nba even though he got cut from his high school team. jesus cries was unreasonable enough to think from him being lifted up all men could be forgiven for their sins.
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barack obama was unreasonable enough to think he could do a good job for black folks but he failed. [ laughter ] >> donald trump and steve bannon are two of the most unreasonable people in the world. steve bannon is un reasonable enough to think that the black vote, the black business community, the latino/asian business has value. this guy is busy as heck all the over world but he made a km commitment to come to address us. not to give a speech but to open a dialogue. when he talks to you today and then we're going to open up the floor to some q&a questions, not sermons, that's my job, and he wants a relationship with this room here. and if you're not willing to build a relationship with steve bannon and the movement that he's creating and he's asked me and each of you to be involved
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in, then you should leave now. but if you want to make america great again, if you want to create more opportunities for minority entrepreneurs, then this is the train you need to ride. and the train is leaving the station. get your ticket. because steve bannon is the conductor. let's bring up my buddy steve bannon. come on, give him some love. give him some love. [ applause ] thank you. thank you very much for having me today. thank you. [ applause ] >> i'm here today to talk and open a discussion that some of you have been at my other discussions with black and hispan hispanic entrepreneurs. the central part of economic nationalism depends upon you. it depends upon us empowering
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the black and hispanic entrepreneurship to one thing. this movement that i am very fortunate to be part of is going to have as a central thesis of it programs that stop the destruction of the black and hispanic working class and also empowers the black and hispanic entrepreneurs to start to build businesses around american capital. now, i want to talk a few minutes today and i want to go from the very general down to the specific. i think we have to have an adults conversation about the situation what our country is. over the last couple of weeks, there was a very important speech given in china at the 19th party congress. this was before president trump arrived for his visit.
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that was by president xi. he outlined in three and a half hours, i think it's a 68 page speech, the basic economic program of china and its strategic position in the world. what they basically said is that this economic war that they've been at with the united states of america is essentially over. and they won. over the last 30 years -- by the way, the effect and impact in your life is directly related to the geo political and geoeconomic situation between the united states and china. over the last couple of weeks, president xi's speech, i'll get to that. in addition, brown university, which is no right wing, no breitbart. it's not a right wing news site or conservative news site. brown is a quite liberal university. the watson center i think it's called did an analysis. the global war on terror in 17
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years has cost us $5.6 trillion. okay? 7,000 dead. 52,000 casualties. i think the present value for the wounded alone is almost $1 trillion. i want you to think about what your country would be if we had 5.6 trillion that was invested in baltimore, in st. louis, in south central l.a. and detroit. $5.6 trillion over the last 17 years. think of the people in your community, people in your family that have served in these wars. by the way, a war that in afghanistan we just had this annual, you know, the budget process. $70 billion allocated for overseas operations. $50 billion allocated to afghanistan.
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now, with the troop increase and let's say we paid with the troop increase, that was $5 billion. what would baltimore be like if for one year we took $45 billion and invested in baltimore? what would st. louis be like if for just one year, we went withdraw, we took 45 of the $50 billion and invested in st. louis or took 45i -- you'd havea renaissance of these cities, correct? i think the out of pocket cash a felo alone has been $850 billion n. 17 years are we ever closer to victory today than then? $850 billion. president xi laid out this program. we've got to remember the elites
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in this country, both republican and democrat, wall street and in technology supported this. they said china as it got wealthier has become more democratic and more free market. it's not. china is a authoratative dictator ship. but the mercantile part. we have this fetish for free trade. it's this concept that came out of europe in the think tanks and the political system. it's a radical idea. you know, i'm accused all of time of being a protectionist and being an economic nationalist. i am. you know why? we're trying to protect american industry. and the reason is they protect their industries. [ applause ] >> you cannot understand the situation you're in and the lack of capital that you have until you understand the international
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situation. we're a tributary state to china. we have a $500 billion trade deficit annual well with china. and by the way, you know we ship them to keep it at $500 billion. it's cattle and hogs and wheat and copper and tin and oil and gas. oh, and bowing jets and apple products. excuse me. we don't do that anymore. because with limited market access, our companies are forced to make everything over there. the jobs are over there. the forced technology transfers, not stealing our technology which they do all the time. the forced technology transfers, the demands of our high tech companies to give them their technology in order to enter china is 3$3.5 trililion over t last ten years. they play by a set of rules and
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they demand those rules are enforced. and the united states, total free trade. they say we've got jobs created. jobs at mcdonald's and taco bell and service jobs are not manufacturing jobs. think what our cities, think when baltimore was great and detroit was great and st. louis was great. it was manufacturing jobs that made it great. because in a manufacturing job, you can support a family. and the community has other money with other service industries around it. you cannot support an advanced economy on service jobs. the elites are going to tell you that, right? because they don't care. and it's both republican and democrat. it's both silicon valley, wall street, hollywood and the imperial capital of washington, d.c. they do not care about you. and that's not me saying that. that's not me. the facts are incon tro
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vertible. look at the financial kras cris 2008. my numbers may be wrong. may not totally be accurate. i am the executive chairman of breitbart, so it may not totally be accurate. kidding. i think -- isn't two/thirds minority network was wiped out? the community banks were completely eviscerated. every form of access to capital. and every reform that was put in made it harder to get access to capital. the minority community cause the biggest financial crisis in the history of the country? absolutely not. by the way, what happened on the financial crisis? my old firm goldman sachs, the day after when hank paulson went and saw president bush i think two days later became a bank holding company with the stroke of a pen and two lines. you bankers know about this. they borrow free from the feds.
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they make how many tens of billions of dollars of year. did anybody in this room get a bailout? was the sba recap talized because of that? did private eck qui-- absolutel. the solution to the financial crisis. what was the solution? not just the bailout. it was thely kwliquidity infusi. if you own really or stocks, it's been the greatest run you've ever had. you know who predicted that? a guy named donald trump. wasn't it like 2011 trump says if you own real estate now you're going to go on a great run. he saw what was happening? . if you're a worker with a high school education, in real dollars, do you know you haven't had a raise since 1972. all the elites say why are these
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people so angry, why is bannon so angry? if you're not angry, you don't have a brain, right? this system is rigged. and it's rigged because if you're out of the room, you'out the deal. right? how did wall street get bailed out? by the way, president obama had three commissions, and i'm not faulting president obama this. he had three separate commissions. they all came back with who should be held liable, who should be held accountable. the justice department, i don't think there's one guy at a bank, i don't think there's been one share of stock, not one penny of bonus, there hasn't been one guy in jail. how did that happen? i'll tell you how it happened. because they don't think you have any power. the guys that have power got bailed out. think about it for a second. just do the math i just talked about. you've had the rise of china particularly since the late 1990s early 2000s when democrat
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and republicans, the clintons and the bushes told us if you give them most favored nation treatment, if you let them into wto, if you let gentlemen get into the require rules based post war international order that the united states underwrites, everything would be fine. well, guess what? that's not a small mistake. that's a massive mistake. they had no intention of doing that. they have their own set of rules. where they have an absolute closed economy while the united states has a totally open economy. where they have forced technology transfer. you just do the math. $3.5 trillion in forced technology transfers coupled with $5.6 trillion for fighting the war on terror. by the way, that's our entire defense budget. what would this country look
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like if $10 trillion was invested in this country? what would it look like if you had a piece of that? what if black and hispanic entrepreneurs had that to invest? this would be a totally different country. right? so how did it happen? here's how it happened. the elites in this country have made it out like bandits. i realize president trump says you have 401ks. he's correct. the stock rise has been unprecedented and it's been fantastic. but that's not the point. the point is that the elites are quite comfortable and this is both -- regardless of political party. to me political parties don't matter anymore. everything you see on cable tv, our good friends at ms nbc and cnn and fox, everything you see in the foreground is pro wrestling. it doesn't matter. it's just noise. it's just noise. the real action is what takes
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place behind the curtain. why are seven of the nine richest counts in this country around washington, d.c.? why for the first time since the development of the silicon shift that washington, d.c. has a higher per capita income than silicon valley? and silicon valley is the greatest create or of wealth in mankind's history. it's because it's not the $4 trillion that you've got. it's all the off balance sheet. cash that got to play with too. remember, we have $20 trillion. that's just tiny. the contingent liabilities depending on what your assumptions are anywhere from $60 trillion to $200 trillion. the global stock markets the other day, i think it was on friday, they reached the total aggregate amount reached i think it was $100 trillion. am i correct i saw that number? how much has gone to the middle class in this country? how much has gone to the working class in this country?
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here's the scam and here's what -- remember, economic nationalism does not care about your color, your race, your ethnici ethnicity. it doesn't care about your religion. it doesn't care about your sexual preference. that's all irrelevant. you know what it cares about? only one thing. you're a citizen of the united states of america. [ applause ] >> illegal immigration in the trade deals are two sides of the same coin. it's to suppress the wages of workers. right? the terrible trade deals are to have unfair competition among our workers. right? that's what it is. the whole thing is because it's made cheaper over there. you don't need to tell the people in ohio. they know where the jobs went. the jobs went to asia.
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this wasn't the second law of thermo zoo thermodynamics. that is human agency made that decision. it was going to happen and it went. j.d. vance wrote this book called "hillbilly eulogies about the upper working class. he pointed out the study that was done at m.i. ticht and harv that talked about the opioid crisis. there's a direct correlation between the factories that left, the jobs that left, the workers left behind and the opioid addiction crisis. you folks know that. you go out in these communities in the upper midwest. we're losing a civilization. we're losing a civic society that has been built over many generations. that's on our watch. that's why trump won. when i came to the campaign, i think it was mid august, 16
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points down, double digits in the battleground states. all these numbers were horrific. we had a talk it didn't matter. the underlying numbers thought the country was on the wrong track. but the most important number, 75% of the american people thought america was in decline. and here's the fundamental difference. the elites are comfortable with that. they are comfortable by managing our decline. because they're going to make just as much money on the way down as they made on the way up. okay? and they have control. and here's the bet trump made. the working men and women in this country are not comfortable with that. they're not comfortable with a declining america. they're not prepared to concede to china that it's going to be a p power in 30 years. because life in this country
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will be radically different. he's not about to do that. he's not prepared to do that. the campaign was run on three simple principles. we're going to stop mass illegal immigration. here's the reason. you can't save the black and hispanic and white working class while you have unlimited legal -- illegal immigration. i'm a capitalist. i believe in -- i went to harvard business school and worked at goldman sachs. i'm a real capitalist. i believe in supply and demand. what the chamber of commerce and the guys on wall street want, they want more labor and competition with our citizens. i get it. higher operating margin help higher stock price. okay? it's destroying civic society because it's destroying the education system. it's destroying the health care system. but they don't have to pay for it. the workers in this country pay
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for it. the bad trade deals are there. the stopping illegal immigration is the same thing. hv1 visas. the stem program, we've turned the elementary schools over to stem. seasons, technology, engineering and math. you know this. your kids can't learn art or history. every day is getting ready for the test. science, technology, engineering and math. you know why? that's the jobs of the future. there's one big problem with that. where are they in the engineering schools? i went to a state engineering cool. i went to virginia tech. you go to tech today, what is it? i don't want to get the wrong number. two-thirds are asian students. black and hispanic kids can't get in there. it's not the asian students fault, but they're paying full freight. a state kid black or hispanic is paying $15,000.
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that's what arbitrage that the universities want. it's a total scam. our kids are no dumber. they're just as smart. they need the opportunity. if you don't get in the engineering schools, you can't go to silicon valley. silicon valley says we've got to have the visas because we need these einsteins, we need these geniuses. i think the average pay of the visa is $102,000. it's a scam. what they want is lower labor cost. they want american kids to have to compete on a global basis with the world. by the way, american kids can compete. but for a job in the united states of america, underwritten by america, american capital and american rule of law and american protection have been that job should go to a kid from
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america. [ applause ] and i realize your operating margin is not going to be as high, but there's other things in return on equity. i'm a capitalist. the ones who bult thilt this co, they understood we were building a civic society. the reason we won world war ii it was those people those people that built an industrial hower house. that was built over decades by american labor. and we forgot that. this city's forgotten that. wall street's forgotten that. it's the american worker and the american entrepreneur that's gotten stiffed. if you look at president trump's program, just economic nationalism, you won't hear it this from the mainstream media. you won't read it in "the wall
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street journal" because they're globalists. what i said in the frooregrounds all about pro wrestling. the big fight in this city is one fight between the globalists that run it and the nationalists that want to take it back. [ applause ] >> it's not ethnonationalism. you hear that from the mainstream media and the cranks on the right, on the far right that are trying to draft off and get free media time. this is about american workers regardless of your race, regardless of your ethnicity, regardless of yo-- american workers have to have some rights. and those rights don't have to compete unfairly with the world. that's the revolution we're talking about. that's where "the wall street journal" and "financial times of london." i just got back from london.
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they're afraid of this. they took me to china. they're afraid to death of this. because they realize when the american working man and american entrepreneurs take over, jiit's going to be a different deal. look at the program he set up already. let's talk about some math. i think it's 3.3% growth in the latest quarter. the new york fed projects 3.9% growth. he's got lowest -- overall lowest employment of 17 years. i realize those numbers are not perfect and we're not talking about all great jobs. but at least the first thing is get people back to work. get labor force participation up. the key stats to look at are wages. along at wages in agriculture and construction. particularly the lowest level are starting to increase. why? you're starting to restrict illegal alien labor from
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competing against american workers. why has this happen sed? business confidence is at a 20 year high. investment's up 10%. overseas investments, economic nationalism is telling germany and china and japan that tariffs are coming and new trade deals are coming and quotas are coming and that's why they're investing here. they're not going to do us any favors. by the way, the second part of that. number one was to stop, you know, mass illegal immigration. number two is bring jobs back. number three was get us out of these pointless foreign wars that have sucked the life blood out of us. [ applause ] >> on the $5.6 trillion. on the jobs, you're not going to wave a magic wand and those jobs will come back.
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it's going to take tough trade negotiations and tough enforcement. president trump has 301 which is to enforce u.s. trade laws so that china cannot demand our technology for access to the market. i think it may be the single most important thing he's done and i think he's done tremendous things. but if you look at his plan, and this is before the tax cut. 3.3% to 3.9% before the tax cut. now is the tax cut perfect? no. okay. it's just not. paul ryan had this theory of border adjustable taxes and export credits and really flipping corporate finance on its head over the last 50 years and really make -- take the advantage away from leverage, give it to equity, 100% write off capital investment. in period zero. that plan went nowhere. i was a big pro poponent of tha plan.
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but it would take many years for people to understand it. this plan is not so much tax reform. i think it's pretty significant if not massive tax cut and it is weighted to the corporations. it's the last of the big reagan concept tax cuts. and the theory is that that is going to be an acsell rant to an economy that's already starting to see the grown sprouts of economic nationalism and it will add to that. increased profitability will lead to more investment and that will lead to more jobs. i realize it's not perfect. i don't think it's fundamental tax reform. i think that's coming in the future. i think president trump at least in the senate and house are trying to get something done. and i believe it sets us up to really look at fundamental tax reform going forward. one of the things i'm most pleased about and the job creators network and job entrepreneurs like yourself to fight hard so that the pass
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through, so that the taxes for the entrepreneurs start to look at what it is for the global corporations. and i think it's not perfect. it's certainly not perfect. it's much better than it was. if we can get this passed, i think it will be much better in the future. let me get specific about what i think has to happen. i'm asking you and trying to enlist you guys to help me. i don't have all the answers. directionally i can see where this has got to go. i see where the american people want it to go. i think a number of things have to happen. number one the first is access to capital. we have to get real, real about recap tallizing the community banks. we need the same type of bailout that wall street got to the community banks. [ applause ] >> and i've told him -- i think
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the last discussion i had with black and hispanic entrepreneurs, i think there's seven charters of going through community banks, i'm committed to work with any group that wants to start up a community bank that will lend into minority communities. i'm prepared to work and hopefully bring, you know, access to capital to do that. community banks to me are central to this. also we have to start to incentivize private ecquity, if we're going to keep carried interest, somehow we have to get, and this is a process we've got to work through, to incentivize venture capital, private equity and the hedge funds to invest in minority businesses. by the way, also, all the regulation that came up after the financial crisis, as bad as it was for the big banks, it killed the small entrepreneurs . it literally killed the community banks because the paperwork alone i think what
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president trump has done deconstruction of the administrative state. what that is is to try to get to a more entrepreneurial environment for people just like yourself. so i think that's absolutely central. i also think the new market tax credit, the thing that's in the senate, look, it's $5 billion. it's a rounding error. did i just say we're spending in afghanistan this year your tax money has gone up $50 billion. we're up there begging for $5 billion for the new market tax credit? which makes total sense? have we lost a sense of our priorities? by the way, you've got to understand something. the reason the financial times and "the wall street journal" mate me and the reason i'm over
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in scotland, they're all spitting on the floor when i'm talking, here's the scam. it's this fetish for this thing they have the international rules based post war liberal order. and that is a series of commercial relationships, trade deals, capital markets, and security agreements. and what it is from western europe where we basically underrig underwrite their security to the gulf where we underwrite their security to the indian ocean where we underwrite their security and all the countries where we underwrite their security to korea and japan and the northwest pacific which we underwrite their security. every trade deal we're upside down on. and i hear "the wall street journal" and the "financial times of london" saying bannon doesn't know what he's talking about. tell that to the folks in ohio and pennsylvania and wisconsin and michigan, the jobs that went overseas. [ applause ] >> you want to solve the opioid crisis? we've got to take on the drug -- i've got a solution. let's bring those jobs back to
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america and we'll solve it. [ applause ] >> you want to solve the inner city problem in this country? i got a real solution. put capital to work. bring manufacturing jobs back. those cities will go through a renaissance. it's not the people that's the problem. it's the system that's the problem. we underwrite -- i was there and some guy who stood up, mr. bannon, nice guy, here's the problem, in nato we're your allies and we do this but we have regional responsibilities. you have global responsibility. that's the problem. the eu is the size of the united states of america. it has about 350 million people. its economy is like $15 trillion. their mindset is they got their deal and they'll put as minimum as possible. they can field three combat
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divisions to pro tem them from the russians they need another nine. i was a naval officer on a destroyer. two-thirds of my crew, of the guys in my division, black and hispanic. my daughter is a west point grad and an army officer. [ applause ] >> she served in iraq with the 1 101st airborne. she had 15 noncommissioned officers that reported to her. two two-thirds of them black and hispanic. that security around the world is your money and your kids. and here's the question. and they're up there with john mccain and all the democrats and giving the shining city on the hill. it's all fine. but let's have a partner discussion and talk about facts. here's the facts. you underwrite it and your kids put their lives on the line to make sure it stays safe.
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and you've got to beg the rest of these countries to throw a little in for the effort. the time for begging is over. what donald trump has laid out, hey, no more big tpp deals, we're going to have a bilateral deal with japan that works. a trade deal with korea that works. all the geniuses on ""morning joe"" saying he shouldn't mention the story in the korean situation. what's the better time to bring it up? we're $50 billion a year upside down on a deal that's supposed the best deal ever. none of it works. here's why. silicon valley and wall street is making as much shipping those jobs over tlchl there. the managed decline of our country works for the elites. who it doesn't work for is the working men and women in our country. it's as obvious as the nose on your face and the solution is obvious. working men and women and entrepreneurs need somebody on
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their side of the football that's prepared to fight and not back down. that's what donald trump came along with. is donald trump perfect? no, he's not perfect. he's the first guy to admit he's know before. he's a very imperfect instrument. and it's not just the clintons. the other 16 guys he beat, he went after the establishment. that's why he's so hated. [ applause ] >> he's the first to admit he's a very imperfect instrument. but he's a blunt force instrument that has started to shatter this and at least have a conversation where we can have this. . the other parts of this has got to be the infrastructure and what i call infrastructure for success. this $1 trillion infrastructure plan that we're going to need your input on is to come. that will be the big fight in '18. if you're not in the room for that one, you're not going to be in the deal for that. could be an infrastructure bill that transforms this country. and it's going to be hotly
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contested. part of this foundation i'm setting up is to make sure that we have the best thinking from black and hispanic entrepreneurs. to make sure your voice is going to be heard because if it's not heard, you're going to be dialed out. the other parts of the structure for success. infrastructure for success is important. one thing that i think my grandfather, smartest guy i ever met went to third grade. my dad is a my school graduate. we're not even sure my mom graduated from high school. we think she did. it doesn't matter. they could get a trade. they could learn a trade. we lack tradesmen today. it's the technical schools. and to understand you don't need a college education to have a great career and a rewarding career in a job that you can actually support a family so your wife doesn't have to work two other jobs to support the
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family. [ applause ] >> and the last is this continue ya -- continuation of deconstruction. the reason i'm a populist, the decisions have to be pushed down more to the level of people. look at globalization. this globalization was all made by the geniuses in london and new york and shanghai. right? how did that work out for the working men and women? the reason is that the elites took care of themselves. now, everybody says bannon, why do you worry about the globalization, you're not thinking about advances in technology. we have to start to correct the problems with globalization. we have to be like the chinese. the chinese -- it works for the chinese. you know why? they're nationalists.
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they think about china first. right? and devil tiake the hind most. you want to come to china, you play by their rules. you don't play by your rules. that's what we've got to start doing. you come to the united states, you're going to play by rules that work for sncitizens of thi country. it's going to work for workers in this country and companies. but it's got to work for the workers in this country. what we've had is decade after decade, and let's talk about technology before i wrap up. in your lifetime we're going to have the convergence of the silicon ship, the convergence of robotics, the convergence of artificial intelligence and biotechnology. the decision that mankind is going to have to make in the next 10, 15, 20 years are going to be some of those important, fundamental decisions that man has ever made. it's not me saying this. this is elon musk and all of
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geniuses in silicon valley. you hear it every day. if you read the journals and you see what's coming, you see the developments coming. i have one question for you. yo those decisions to the elite they believe that the best days are ahead. as soon as they're in the room.
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and i'm committed to you and this foundation and everything else i do, there's nothing else more important in american life. now everybody benefits from those things except black people. what republicans should do is to focus more on the demand side
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get nothing, and they talk about minorities a lot, which everybody is a minority, except a straight white nonveteran male. we need to do something about black people getting business, so that we don't have to beg for
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things, and we can take care of our own people. >> so you just signed up for a task force for me, okay? seriously. i'll be honest. i don't know enough about the issues, but i'm going to say one thing. i come -- my parents' home is in the north side of richmond. when the white flight took to the suburbs, we decide behind. and it's predominantly black, working class, middle class neighborhood. but you can go around my neighborhood and you never see a starbucks. you never see a blockbuster. you never see any of the national franchises, right? it's quite evidence that they have made some sort of demographic or economic analysis and they don't go there. and that's wrong. i do disagree with you on one thing. i think there's enough entrepreneurial spirit, enough savvy and enough just grit and determination that if we take care of two things -- number one is making sure in these s.t.e.m. programs we start to get young black and hispanic kids into engineering schools, and in jobs in silicon valley, so that
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expertise in that technology expertise is built up, coupled with access to capital, and we're maniacal about that. if we get capital and get the expertise, i think the customers will come. by the way -- one of the things we're trying to do is set up task forces to also help talk to the president and other people up here on capitol hill and the administration of exactly what's needed. so thanks for the -- yes, ma'am. >> thank you so much, mr. bannon. my name is george pharrell, with a group called black pack. we also do the blacks for trump. so you've seen our famous guy behind trump. we endorse donald trump almost before any other black group called black pack. and what i want to do is thank you for your strategy, for your movement, and for having the bravery to come out here and maybe not bravery, but the
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passion to come out here and address that. and you're right. we do need access to capital. we need to have more black companies go public, like reggie -- the museum in baltimore. but the question is -- >> he's on a roll. i kind of like this. >> the question is, donald trump has not hired enough blacks in positions that we need him to be in. that's one of the weaknesses that we have. can you open that door to get him to put more blacks, hispanics, into that -- into those positions? because for people who put our names on the line like me and raynark, it kicks back at us so we can say, hey, we've made a difference with the president. >> okay. it's inexcusable. there is no excuse for it. it's just inexcusable. you can't defend it. because it's inexcusable. and here's why. it didn't take any courage for me to come up here today. you know why? if we don't help the situation with black and hispanic entrepreneurs, that will be the vanguard, we're not going to
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turn this country around. we're not going to do it. you understand the responsibility you have on your shoulders, right? it's not going to happen. we're going to have two things in this country. we're going to have either a prosperous, free, america, that takes its place with america first, where it's in the vital national security interest. we're not saying come home. we're not isolationists. we want to be engaged in the world on america's terms. right? where it's in the vital national security interest of the united states. it will be in the vital national security interest of our allies. not protect i can't tells. you're seeing that in the gulf right now. so that's why i came today. you guys are -- you men and women are absolutely vital. as you have seen on the campaign. right? >> yes. >> he got -- by the way, the first thing i did when i got to the campaign was say, let's go to mexico and see the president. and let's go to flint, michigan. she's not going to go to flint, michigan. let's go to flint, michigan.
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these are the problems that have to be solved. if we don't solve these problems, if we don't have access to technology jobs by black and hispanic kids, if we don't stop the unfair competition against hispanic and black working-class men and women, if we don't get capital to black and hispanic entrepreneurs. if we don't do those three things, we're not going to sort this country out. and trust me, you see what the cultural marxist on the left where they have us going. you're going to have a revolution in 15 to 20 years. right? there's no doubt about that. we either get this sorted now, and we get it sorted with you folks, or we're not going to get it sorted. and by the way, it's totally inexcusable. and i hope and i think that there's action taking place to solve that. but as he will tell you, a big part of what i'm trying to do in this foundation is make sure you guys have a voice so we can hammer that every day.
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thanks. i've got time for two more questions. >> final questions right here. >> steve, you mentioned the development funds that have been coming online. ryan is part of the team that's putting together those development funds around seven cities across the u.s. so definitely be following up with you on that. >> yeah. i just wanted to bring that up and just say that's what we were -- i'm working on that, as well. oh, sorry. thank you. i was actually on the trump campaign, as well. so thank you for all you've done, and helped out. >> okay, thanks. by the way, so this -- the development bank situation, i want to talk to you about that. anything i can do -- and people tell you, i'm a tireless worker, right? sometimes i get a little heated. but, by the way, if you didn't get heated -- you guys see it. i mean, if it didn't drive a rational man crazy, then you're not rational.
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yes, sir. okay, we've got time for one more question. i'm really -- the reason is i've got to get on a plane for alabama for judge moore. >> i have a question for you -- >> by the way, that's what -- go ahead, sir. >> yeah. i fully support your american identity, because i'm from harvard. kennedy school. what i'm -- my research i find. i'm from china. i researched china and the u.s. the question is, we fund -- like in harvard, 990% -- liberal people that vote for hillary, you know. the students lost their identity for the next generation. that's a key problem for americans. so i just wonder, do you have any plan to help our next generation people, and the safeguard our identity and keep america first? >> this is a question about our education system, where it's going to teach patriotism and things like that. that is a problem we have to sort out. we're going to have to fight for
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that. >> yes. >> but here's the way i think we get it going. >> right. >> we showed those american kids that we're prepared to fight for their jobs. that we're prepared to fight for their future. yet we're not going to let unlimited competition from around the world take their birth right. >> yes. >> remember, it was -- think about -- think about all the folks that came before you. think about two, three, four generations before you. all the hard work and grit and determination that it took to get here. right? remember, in burkes theorem, we owe as much to the past as we owe to the future. we can go on some highfalutin thing of american patriotism. let's show these kids something fundamental. let's show we're prepared to fight for their jobs. let's show we're not going to let the world come and destroy their economic future. okay? let's run it economically like china runs it. right? let's just do -- let's just become a -- i know protectionism -- it's called the
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"p" word, right? not supposed to use it. all i want to do is make sure that manufacturing jobs -- not service jobs. manufacturing jobs come back to this country. there's no magic wand that we're going to wave. and it's going to be okay. >> steve, one last question. >> okay, yes, sir. >> mr. bannon, i'm a former 33-year economic development professional. and i was a skeptic until i heard your comments this afternoon. so thank you for that. >> thank you for coming. >> i have put together a strategy that would help black and hispanic entrepreneurs actually be able to use capital they already have and invest it in their business to leverage other capital and to grow their companies. how can people like me work with you? >> okay. wel well, here's for everybody in the audience. we're going to set up task force -- people who know me will tell you. i'm not a guy who will have a task force just to have a paper. we're in this to get action. one thing i pride myself on is i
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get results. right? and so i want to work with you. that's why i came today. i wanted to meet you guys, and we're going to work together. i want to say one thing before i go about judge moore -- about alabama. you know, i'm a street fighter. and i'm proud to be a street fighter. this country needs somebody to fight for it. and people in this country, workers in this country, need somebody to fight for them. i fought for trump. and i fought for judge moore. and i don't know what the outcome is going to be. but i'll tell you one thing. we backed off the republican establishment that was prepared to toss his seat to the democracy. and you know why? because they would remember play their games up here in washington, d.c., than let the people of alabama have a decision, okay? whatever the outcome is, whatever -- jones or moore. at least now we've got a little bit sorted that the republicans are backing a republican candidate. and the democrats are going to back a democratic candidate. this thing of the establishment putting the knife in, everybody
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that wants to fight for a nationalist agenda is wrong and it's got to end. and so what i'm committing to you today is just one thing. i'm prepared to put my shoulder to the wheel for you guys. and people will tell you, if you're in a fox hole, bannon is not a bad guy to have with you. thank you. [ applause ] >> okay. give him another round of applause. >> and we'll take you live now to the house rules committee. they're meeting this afternoon to take up a short-term government spending measure. we'll also look at other legislative proposals. the current government funding bill expires friday, meaning that without action by congress, the government would shut down come saturday. texas congressman, pete sessions, is in the chair. we can see him. and this is


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